Kuwait-backed Zain Jordan plans to invest JOD85 million (USD119.42 million) in infrastructure and new technologies in 2012, the company’s CEO Ahmad Al Hanandeh told Dow Jones Newswires. The figure represents a step down from the amount spent last year, having invested JOD90 million in 2011, and JOD70 million in 2010. As noted by TeleGeography’s GlobalComms Database, Zain launched commercial services over its 3.5G W-CDMA/HSPA+ network in March 2011 and claimed to have signed up 700,000 users to 3G services by the end of the year.
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